Going with the Intraday Mini-Flow!!
- Thread starter Saint
- Start date
- Tags intra day live intraday nifty miniflow miniflow live nifty futures trading nifty intraday trading saint
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Re: Intraday Miniflow Trades for Today: Saint's Method
Posting today's ( 1-12-2008) 30 min chart with miniflow trades marked on it.
The long trade in the morning was not triggered for most as we are using different space or filter now.
The first trade of the day was short at the crack of 15 min pivot at 2810 less space. Note that 15 pivot was used as higher TF were agreeing for reversal as well.
1st add was at 2796 less space on crack of 30 min PL
2nd add was at 2738 less space on crack of WRB low.
Partial profit booking in 2710-2720 range.
Balance profit booking at 2670-2690 range as per everyones comfort.
A great day after many choppy sessions.
Best Wishes,
Trade well,
Smart_trade
Great Stuff,ST!!
Saint
Posting today's ( 1-12-2008) 30 min chart with miniflow trades marked on it.
The long trade in the morning was not triggered for most as we are using different space or filter now.
The first trade of the day was short at the crack of 15 min pivot at 2810 less space. Note that 15 pivot was used as higher TF were agreeing for reversal as well.
1st add was at 2796 less space on crack of 30 min PL
2nd add was at 2738 less space on crack of WRB low.
Partial profit booking in 2710-2720 range.
Balance profit booking at 2670-2690 range as per everyones comfort.
A great day after many choppy sessions.
Best Wishes,
Trade well,
Smart_trade
Saint
Re: Intraday Miniflow Trades for Today: Saint's Method
Posting today's ( 1-12-2008) 30 min chart with miniflow trades marked on it.
The long trade in the morning was not triggered for most as we are using different space or filter now.
The first trade of the day was short at the crack of 15 min pivot at 2810 less space. Note that 15 pivot was used as higher TF were agreeing for reversal as well.
1st add was at 2796 less space on crack of 30 min PL
2nd add was at 2738 less space on crack of WRB low.
Partial profit booking in 2710-2720 range.
Balance profit booking at 2670-2690 range as per everyones comfort.
A great day after many choppy sessions.
Best Wishes,
Trade well,
Smart_trade
Dear ST,
THANKS FOR THE NICE POSTING.Sir,I will be able to learn little more if you could throw some light on your words as higher TF were agreeing for reversal as well.
Posting today's ( 1-12-2008) 30 min chart with miniflow trades marked on it.
The long trade in the morning was not triggered for most as we are using different space or filter now.
The first trade of the day was short at the crack of 15 min pivot at 2810 less space. Note that 15 pivot was used as higher TF were agreeing for reversal as well.
1st add was at 2796 less space on crack of 30 min PL
2nd add was at 2738 less space on crack of WRB low.
Partial profit booking in 2710-2720 range.
Balance profit booking at 2670-2690 range as per everyones comfort.
A great day after many choppy sessions.
Best Wishes,
Trade well,
Smart_trade
THANKS FOR THE NICE POSTING.Sir,I will be able to learn little more if you could throw some light on your words as higher TF were agreeing for reversal as well.
Re: Intraday Miniflow Trades for Today: Saint's Method
30 minutes bar is our main timeframe in this method and we take most of our decisions on 30 min bars.We see 15 min bars for pivots in case the 30 min or 60 min point in the same direction. In our case today,we had a small PL formed in 10:30 bar on 15 min timeframe. In normal case we would not take a short position based on the crack of this pivot unless the higher timeframes are also showing bearishmess.
This 15 min PL at 2810 was cracked at around 12:00 noon.Now see the 30 min bar has already given a bearish piercing candle and the low of this piercing candle was broken,hence bearish indication.Also see 60 min chart,it was showing a black bearish candle ( though this bar was completed at 12:00) again a bearish formation so the 15 min pivot low cracking was a signal to take a short position .
Hope the above will help you in understanding the thought process.
Best Wishes,
Smart_trade
30 minutes bar is our main timeframe in this method and we take most of our decisions on 30 min bars.We see 15 min bars for pivots in case the 30 min or 60 min point in the same direction. In our case today,we had a small PL formed in 10:30 bar on 15 min timeframe. In normal case we would not take a short position based on the crack of this pivot unless the higher timeframes are also showing bearishmess.
This 15 min PL at 2810 was cracked at around 12:00 noon.Now see the 30 min bar has already given a bearish piercing candle and the low of this piercing candle was broken,hence bearish indication.Also see 60 min chart,it was showing a black bearish candle ( though this bar was completed at 12:00) again a bearish formation so the 15 min pivot low cracking was a signal to take a short position .
Hope the above will help you in understanding the thought process.
Best Wishes,
Smart_trade
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